Mega Hero affect: Producer Selling Properties to clear losses

Movie production & distribution is just like a lottery if the film is hit the producer and distributors will get jackpot otherwise they will go into huge liabilities. From senior producers to present generation producers are aware of this fact but still they try their luck in the name of passion on films.

Going into the news, Mega Hero Sai Dharma Tej recent release ‘Inttelligent’ bombard at the box office and producer C Kalyan lost a humongous amount on the movie. The movie is released with Rs 25 Crores stake and not even collected the break even.

Barely the film has collected Rs 7-8 Crores in full run and Producer C Kalyan who released the film in own distribution acquired huge losses with this film. Unfortunately, makers made own release in Overseas too and minted enormous losses. According to reports, this movie had a disastrous run at the box office and incurred more than Rs 17 crores loss to the producer.

If the news is to believed Producer C Kalyan sold his property to clear ‘Intelligent’ movie losses. Buzz is that he sold a plot owned in Manikonda area for Rs 10 crores. The property is a valued asset and may cover some of the losses of the producer.

This would be a serious warning to the producer to take extra care while selecting story & script for his future projects. It also warns the producer to be careful while spending the money on movie making and film budget. Finally, this mega hero made producer to sell his properties to clear film losses.